Latino Film Institute Youth Cinema Project

Analysis

Latino Film Institute Youth Cinema Project is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Latino Film Institute Youth Cinema Project reported income of $5.1m and spending of $4.2m, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.7m to $5.1m (+90%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Latino Film Institute Youth Cinema Project sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Quest Programs Inc ($5.0m), Youth Speaks Inc ($5.1m) and Friends of Duck Creek Regional Library Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $500k (12% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.7m against liabilities of $146k, net assets of $2.5m. It reported 86 employees.